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Feb 6 2019

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This story is developing and will be updated.

ExxonMobil said today that it had made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.

A release from its Irving, Texas office said that the discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block.

Tilapia-1 is the fourth discovery in the Turbot area that includes the Turbot, Longtail and Pluma finds. The release said that the Tilapia-1 encountered approximately 305 feet (93 meters) of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786 feet (5,726 meters) in 5,850 feet (1,783 meters) of water. The well is situated approximately 3.4 miles (5.5 kilometers) west of the Longtail-1 well.

The Noble Tom Madden drillship began drilling the well on January 7 and will next drill the Yellowtail-1 well, approximately six miles (10 kilometers) west of Tilapia-1 in the Turbot zone. Baseline 4-D seismic data gathering is underway.

“We see a lot of development potential in the Turbot area and continue to prioritize exploration of high-potential prospects here,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We expect this area to progress to a major development hub providing substantial value to Guyana, our partners and ExxonMobil.”

The other discovery was made at the Haimara-1 well, which found approximately 207 feet (63 meters) of high-quality, gas-condensate bearing sandstone reservoir. The well was drilled to a depth of 18,289 feet (5,575 meters) in 4,590 feet (1,399 meters) of water. The release said that it is situated approximately 19 miles (31 kilometers) east of the Pluma-1 discovery and is a potential new area for development. The Stena Carron drillship began drilling the well on January 3 and will next return to the Longtail discovery to complete a well test.

ExxonMobil said that there is potential for at least five floating, production storage and offloading vessels (FPSO) on the Stabroek Block producing more than 750,000 barrels of oil per day by 2025. The Liza Phase 1 development is on schedule and is expected to begin producing up to 120,000 barrels of oil per day in early 2020, utilizing the Liza Destiny FPSO.

Liza Phase 2 is expected to startup by mid-2022. Pending government and regulatory approvals, sanctioning is expected in the first quarter of this year for the project, which will use a second FPSO designed to produce up to 220,000 barrels per day. Sanctioning of a third development, Payara, is also expected this year, and startup is expected as early as 2023.

The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.

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some of dese jackasses forget who bring exxon onboard. Now pnc bais rewrote the contract with exxon to favor the oil company and screw Guyana. I notice sloppy did not post about the American Airlines charging 3000 from Miami to GEO. 

FM
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

Django
Drugb posted:

some of dese jackasses forget who bring exxon onboard. Now pnc bais rewrote the contract with exxon to favor the oil company and screw Guyana. I notice sloppy did not post about the American Airlines charging 3000 from Miami to GEO. 

Try to be sloppy and post the article, no one is stopping you, no excuse being bound to a wheel chair. There are technologies that can assist.

Django
Last edited by Django
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

Africans are from Africa, please look at the African countries, even with oil and other natural resources they are "Shit Hole " countries. Which Caribbean countries you are talking about?

K
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

FM
Last edited by Former Member

Nigeria: 'Oil-gas sector mismanagement costs billions

 
 
Children in a boat pass an oil pipeline head near their home in Rivers state April 2011
Image captionDespite Nigeria's oil wealth, 90% of its citizens live on less than $2 per day

Nigeria's Deadly Delta

A leaked report into Nigeria's oil and gas industry has revealed the extent of mismanagement and corruption that is costing billions of dollars each year.

The report, seen by the BBC, was commissioned by the oil minister in the wake of this year's fuel protests to probe the financial side of the sector.

It says $29bn (£18bn) was lost in the last decade in an apparent price-fixing scam involving the sale of natural gas.

It also calculated the treasury loses $6bn a year because of oil theft.

Nigeria is one of the world's biggest oil producers but most of its people remain mired in poverty.

Missing billions revealed this year

  • $400bn - estimated amount of Nigeria's oil revenue stolen or misspent since independence in 1960 - World Bank's ex-vice-president for Africa, Oby Ezekwesili said in August
  • $6.8bn - the amount a fuel subsidy scam has cost Nigeria over the last two years - a parliamentary report said in April
  • $29bn - the amount lost by the treasury in the last decade in an apparent gas price-fixing scam -leaked Petroleum Revenue Special Task Force report in Octoberr
  • $6bn - the amount the treasury loses a year because of oil theft - leaked Petroleum Revenue Special Task Force report in October

Nigeria's president 'must act over fuel scam'

Will Africa ever benefit from its natural resources?

The Petroleum Revenue Special Task Force report is one of several commissioned by the government - and follows an outcry after a parliamentary investigation uncovered a massive multi-billion fuel subsidy scam.

That had been set up after angry nationwide protests in January when the government tried to remove a fuel subsidy.

Earlier this week, a campaign was launched to clean up Nigeria's oil sector.

It was led by Patrick Dele Cole, a politician from the oil-rich Niger Delta region, who said that 90% of the stolen oil was refined in eastern Europe and Singapore.

The BBC's Will Ross in Lagos says this leaked report exposes the extent of the rot in Nigeria's oil and gas industry - all the way from the awarding of contracts to the sale of refined products.

It is staggering just how much money the people of Nigeria appear to be missing out on, he says.

Nigeria's Oil Minister Diezani Alison-Madueke declined to comment on the specifics of the probe but said a report compiled from several committees set up earlier in the year to investigate the oil and gas sector was in its final stages and would be presented to the president soon.

'Total overhaul'

The Petroleum Revenue Special Task Force, headed by former anti-corruption chief Nuhu Ribadu, revealed in its report that losses of revenue to the treasury over apparent gas price-fixing involved dealings between Total, Eni and Shell and government officials.

Analysis

This latest damning indictment of the oil sector points out that Nigeria is the world's only major oil producer that sells 100% of its crude to private commodity traders, rather than directly to refineries, paving the way for potential fraud. So the entire system needs to be changed in order clean up the industry.

If there is any good news here, it is this: At least light is being shone on a sector which has for decades been kept deliberately opaque.

Some will commend President Goodluck Jonathan for showing a desire to expose the rot, but he will ultimately be judged on whether vital reforms are ever made.

It is known that stolen money from the opaque oil and gas sector play a vital role in funding Nigeria's political patronage system.

The report does not suggest the companies broke the law but called for measures to be put in place to ensure all transactions are more transparent.

It said that oil and gas companies owe the treasury more than $3bn in royalties.

For the period 2005 to 2011, it said $566m was owed in signature bonuses - the fees a company is supposed to pay up front for the right to exploit an oil block.

The report looked at the issue of discretionary licences which companies do not have to bid for.

Between 2008 and 2011 it found the Nigerian government had handed out seven discretionary licences, from which $183m in signature bonuses had not been paid.

A Shell spokesman said the company would not comment as it had not yet seen the report.

Our correspondent says it is well known that oil theft is a major problem in Nigeria, but the report says it may be reaching emergency levels as 250,000 barrels of crude oil could be being stolen every day - 10% of annual production.

The leaked report said that small-scale "pilfering" had been "endemic since at least the late 1990s", but it also said it had heard allegations about thefts from crude export terminals, tank farms, refinery storage tanks, jetties and ports.

"Submissions to the Task Force alleged that officials and private actors disguise theft through manipulation of meters and shipping documents," the report said.

"Yet there is also evidence that members of the security forces condone and, in some cases, profit from theft. The void in effective security likewise appears to increasingly hand over control of coastal and inland waterways to undesirable elements."

The investigation showed that 40% of refined products - either refined in Nigeria or imported - currently being channelled through state-owned pipelines are lost to theft and sabotage.

Mr Ribadu's investigation calls for a total overhaul of the industry with an oil sector transparency law requiring all companies to report all payments and publish all contracts and licences.

The Task Force also wants a special financial crimes unit to be established specifically for the oil and gas sector.

https://www.bbc.com/news/world-africa-20081268

FM
yuji22 posted:

Nigeria: 'Oil-gas sector mismanagement costs billions

 
 
Children in a boat pass an oil pipeline head near their home in Rivers state April 2011
Image captionDespite Nigeria's oil wealth, 90% of its citizens live on less than $2 per day

Nigeria's Deadly Delta

A leaked report into Nigeria's oil and gas industry has revealed the extent of mismanagement and corruption that is costing billions of dollars each year.

The report, seen by the BBC, was commissioned by the oil minister in the wake of this year's fuel protests to probe the financial side of the sector.

It says $29bn (£18bn) was lost in the last decade in an apparent price-fixing scam involving the sale of natural gas.

It also calculated the treasury loses $6bn a year because of oil theft.

Nigeria is one of the world's biggest oil producers but most of its people remain mired in poverty.

Missing billions revealed this year

  • $400bn - estimated amount of Nigeria's oil revenue stolen or misspent since independence in 1960 - World Bank's ex-vice-president for Africa, Oby Ezekwesili said in August
  • $6.8bn - the amount a fuel subsidy scam has cost Nigeria over the last two years - a parliamentary report said in April
  • $29bn - the amount lost by the treasury in the last decade in an apparent gas price-fixing scam -leaked Petroleum Revenue Special Task Force report in Octoberr
  • $6bn - the amount the treasury loses a year because of oil theft - leaked Petroleum Revenue Special Task Force report in October

Nigeria's president 'must act over fuel scam'

Will Africa ever benefit from its natural resources?

The Petroleum Revenue Special Task Force report is one of several commissioned by the government - and follows an outcry after a parliamentary investigation uncovered a massive multi-billion fuel subsidy scam.

That had been set up after angry nationwide protests in January when the government tried to remove a fuel subsidy.

Earlier this week, a campaign was launched to clean up Nigeria's oil sector.

It was led by Patrick Dele Cole, a politician from the oil-rich Niger Delta region, who said that 90% of the stolen oil was refined in eastern Europe and Singapore.

The BBC's Will Ross in Lagos says this leaked report exposes the extent of the rot in Nigeria's oil and gas industry - all the way from the awarding of contracts to the sale of refined products.

It is staggering just how much money the people of Nigeria appear to be missing out on, he says.

Nigeria's Oil Minister Diezani Alison-Madueke declined to comment on the specifics of the probe but said a report compiled from several committees set up earlier in the year to investigate the oil and gas sector was in its final stages and would be presented to the president soon.

'Total overhaul'

The Petroleum Revenue Special Task Force, headed by former anti-corruption chief Nuhu Ribadu, revealed in its report that losses of revenue to the treasury over apparent gas price-fixing involved dealings between Total, Eni and Shell and government officials.

Analysis

This latest damning indictment of the oil sector points out that Nigeria is the world's only major oil producer that sells 100% of its crude to private commodity traders, rather than directly to refineries, paving the way for potential fraud. So the entire system needs to be changed in order clean up the industry.

If there is any good news here, it is this: At least light is being shone on a sector which has for decades been kept deliberately opaque.

Some will commend President Goodluck Jonathan for showing a desire to expose the rot, but he will ultimately be judged on whether vital reforms are ever made.

It is known that stolen money from the opaque oil and gas sector play a vital role in funding Nigeria's political patronage system.

The report does not suggest the companies broke the law but called for measures to be put in place to ensure all transactions are more transparent.

It said that oil and gas companies owe the treasury more than $3bn in royalties.

For the period 2005 to 2011, it said $566m was owed in signature bonuses - the fees a company is supposed to pay up front for the right to exploit an oil block.

The report looked at the issue of discretionary licences which companies do not have to bid for.

Between 2008 and 2011 it found the Nigerian government had handed out seven discretionary licences, from which $183m in signature bonuses had not been paid.

A Shell spokesman said the company would not comment as it had not yet seen the report.

Our correspondent says it is well known that oil theft is a major problem in Nigeria, but the report says it may be reaching emergency levels as 250,000 barrels of crude oil could be being stolen every day - 10% of annual production.

The leaked report said that small-scale "pilfering" had been "endemic since at least the late 1990s", but it also said it had heard allegations about thefts from crude export terminals, tank farms, refinery storage tanks, jetties and ports.

"Submissions to the Task Force alleged that officials and private actors disguise theft through manipulation of meters and shipping documents," the report said.

"Yet there is also evidence that members of the security forces condone and, in some cases, profit from theft. The void in effective security likewise appears to increasingly hand over control of coastal and inland waterways to undesirable elements."

The investigation showed that 40% of refined products - either refined in Nigeria or imported - currently being channelled through state-owned pipelines are lost to theft and sabotage.

Mr Ribadu's investigation calls for a total overhaul of the industry with an oil sector transparency law requiring all companies to report all payments and publish all contracts and licences.

The Task Force also wants a special financial crimes unit to be established specifically for the oil and gas sector.

https://www.bbc.com/news/world-africa-20081268

As far as Django is concerned that is FIRST Class living.

K
skeldon_man posted:
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

Django
Last edited by Django
Django posted:

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

This does not detract from the fact that in 1992, ppp inherited empty coffers and huge debts. In 2015 PNC inherited a surplus which you folks immediately squandered on huge salary increases and wasteful spending, while imposing draconian taxes on the business sector that brought the economy to a screeching halt. 

FM
Django posted:
skeldon_man posted:
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

Django bhai, you sound like a blind man giving directions to the nearest sinkhole spot that just opened up.

FM
Drugb posted:
Django posted:

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

This does not detract from the fact that in 1992, ppp inherited empty coffers and huge debts. In 2015 PNC inherited a surplus which you folks immediately squandered on huge salary increases and wasteful spending, while imposing draconian taxes on the business sector that brought the economy to a screeching halt. 

Please get the facts, before parroting nonsense gathered from Freedom House.

Django
Last edited by Django
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

Django bhai, you sound like a blind man giving directions to the nearest sinkhole spot that just opened up.

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Django
Django posted:
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

Django bhai, you sound like a blind man giving directions to the nearest sinkhole spot that just opened up.

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Who nationalized Guysuco? You worked in the sugar industry and now because you do not care for coolies, you want to kill the industry. Did you ever ask yourself why the government give tax breaks to Exxon, subsidies to beet, dairy, soybean and corn farmers? Would you have liked to see them fail?

FM
Django posted:
Drugb posted:
Django posted:

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

This does not detract from the fact that in 1992, ppp inherited empty coffers and huge debts. In 2015 PNC inherited a surplus which you folks immediately squandered on huge salary increases and wasteful spending, while imposing draconian taxes on the business sector that brought the economy to a screeching halt. 

Please get the facts, before parroting nonsense gathered from Freedom House.

Yuh is a bad lie man, no wonder you beat out dem other banas fuh chief slop can carrier. PNC must love you like a bald head love a hat. 

External debt in 1992 - 2.1B USD.

http://www.country-data.com/cgi-bin/query/r-5447.html

 

FM
Drugb posted:
Django posted:
Drugb posted:
Django posted:

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

This does not detract from the fact that in 1992, ppp inherited empty coffers and huge debts. In 2015 PNC inherited a surplus which you folks immediately squandered on huge salary increases and wasteful spending, while imposing draconian taxes on the business sector that brought the economy to a screeching halt. 

Please get the facts, before parroting nonsense gathered from Freedom House.

Yuh is a bad lie man, no wonder you beat out dem other banas fuh chief slop can carrier. PNC must love you like a bald head love a hat. 

External debt in 1992 - 2.1B USD.

http://www.country-data.com/cgi-bin/query/r-5447.html

 

Now tell us how much of the debt, was in the process to be written off.

Django
Django posted:
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:
Baseman posted:

This is why the PPP must win. PNC will make a mess of things!

Wish them luck, they are great managers after 23 yrs of dominance the country is at the bottom of the ladder in that hemisphere. Africans don't know to manage, yet in the entire Caribbean  where they are heads of gov't , the countries are ahead by milestone with lesser resources.

You fail to realize that when they took Guyana from Greenidge and the PNC, Guyana was begging for a handout from anyone who was willing to give. Guyana was not at the bottom rung of the ladder, Guyana was not on any rung of the ladder. They were on the ground looking up. When the PNC took Guyana in 2015, they got a surplus. Today, PNC is sporting up spending like a drunk sailor hoping for oil money. Friends, members and any black man or woman who can show racism towards coolies will get whatever they ask for.

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

Django bhai, you sound like a blind man giving directions to the nearest sinkhole spot that just opened up.

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Here is the fact 

ERP - Empty Rice Pot ... did you recall these words. 

FM
Django posted:
Drugb posted:
Django posted:
Drugb posted:
Django posted:

Preach that to some one else, who will buy it.

The Economic Recovery of Guyana started in 1985 under Desmond Hoyte Persaud after Burnham demise.Up to the 70's Guyana was up there in rank, the fall came after Nationalization of foreign companies, and the world economic crisis of the early 80's.

The PPP  in 1992,inherited changes that was moving the country forward, all nationalized companies was on the table to be privatized. Now tell us why GYSICKO wasn't privatized.

This does not detract from the fact that in 1992, ppp inherited empty coffers and huge debts. In 2015 PNC inherited a surplus which you folks immediately squandered on huge salary increases and wasteful spending, while imposing draconian taxes on the business sector that brought the economy to a screeching halt. 

Please get the facts, before parroting nonsense gathered from Freedom House.

Yuh is a bad lie man, no wonder you beat out dem other banas fuh chief slop can carrier. PNC must love you like a bald head love a hat. 

External debt in 1992 - 2.1B USD.

http://www.country-data.com/cgi-bin/query/r-5447.html

 

Now tell us how much of the debt, was in the process to be written off.

Dis how bad ting bin deh.

Second, the buildup of arrears destroyed Guyana's credibility as a debtor. In 1983 the IMF refused to provide further loans; many other international organizations and governments followed suit. The loss of credibility also directly affected Guyana's trade relations: Trinidad and Tobago cut off oil shipments in 1986.The debt crisis persisted during the 1980s as Guyana remained unable to resume debt service

FM
skeldon_man posted:
Django posted:

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Who nationalized Guysuco? You worked in the sugar industry and now because you do not care for coolies, you want to kill the industry.

Did you ever ask yourself why the government give tax breaks to Exxon, subsidies to beet, dairy, soybean and corn farmers? Would you have liked to see them fail?

Burnham nationalized the Sugar Industry with the patronage of Cheddi Jagan.

When Desmond Hoyte Persaud came to power, the ERP came to force, "will repeat all Nationalized Industries was on the table to be privatized"

Your half a$$ed attempt to answer  why GUYSICKO wasn't privatized is noted.

Django
skeldon_man posted:

Dis how bad ting bin deh.

Second, the buildup of arrears destroyed Guyana's credibility as a debtor. In 1983 the IMF refused to provide further loans; many other international organizations and governments followed suit. The loss of credibility also directly affected Guyana's trade relations: Trinidad and Tobago cut off oil shipments in 1986.The debt crisis persisted during the 1980s as Guyana remained unable to resume debt service

I mentioned the problem of the early 80's. Now dig up and tell us what skyrocketed Guyana's debt under Burnham.

Django
Django posted:
skeldon_man posted:
Django posted:

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Who nationalized Guysuco? You worked in the sugar industry and now because you do not care for coolies, you want to kill the industry.

Did you ever ask yourself why the government give tax breaks to Exxon, subsidies to beet, dairy, soybean and corn farmers? Would you have liked to see them fail?

Burnham nationalized the Sugar Industry with the patronage of Cheddi Jagan.

When Desmond Hoyte Persaud came to power, the ERP came to force, "will repeat all Nationalized Industries was on the table to be privatized"

Your half a$$ed attempt to answer  why GUYSICKO wasn't privatized is noted.

I see. Burnham and the PNC were brain dead. They are still in that vegetative state. Any breathing apparatus attached?
So it was your PNC Hoyte who instituted Empty Rice Pot and Mo fiah, slow fiah!

FM
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:

No Sir, they are all facts.

Please answer the last sentence in my post. Just want to hear your thoughts.

Who nationalized Guysuco? You worked in the sugar industry and now because you do not care for coolies, you want to kill the industry.

Did you ever ask yourself why the government give tax breaks to Exxon, subsidies to beet, dairy, soybean and corn farmers? Would you have liked to see them fail?

Burnham nationalized the Sugar Industry with the patronage of Cheddi Jagan.

When Desmond Hoyte Persaud came to power, the ERP came to force, "will repeat all Nationalized Industries was on the table to be privatized"

Your half a$$ed attempt to answer  why GUYSICKO wasn't privatized is noted.

I see. Burnham and the PNC were brain dead. They are still in that vegetative state. Any breathing apparatus attached?
So it was your PNC Hoyte who instituted Empty Rice Pot and Mo fiah, slow fiah!

That the best you can do.

By the way there was no Empty Rice Pots under Desmond Hoyte, for that matter no pots were empty during the PNC days, Guyana was surviving with what they produced in the country, there was a plan to feed itself and export to foreign countries, which didn't came to fruition due to poor implementation.Damn even Cheddi Jagan believed in such plan.

Django
Last edited by Django
Django posted:
skeldon_man posted:

Dis how bad ting bin deh.

Second, the buildup of arrears destroyed Guyana's credibility as a debtor. In 1983 the IMF refused to provide further loans; many other international organizations and governments followed suit. The loss of credibility also directly affected Guyana's trade relations: Trinidad and Tobago cut off oil shipments in 1986.The debt crisis persisted during the 1980s as Guyana remained unable to resume debt service

I mentioned the problem of the early 80's. Now dig up and tell us what skyrocketed Guyana's debt under Burnham.

I don't have to dig up. I know why and it would be offensive to disclose here. If PNC members were ripping the PNC built and donated houses and cook with the boards, then imagine the situation. It's all in front of you.

FM
Django posted:

Now tell us how much of the debt, was in the process to be written off.

Now when faced with the facts, you change your tune and move on to a different topic? Nice try. 

FM
Drugb posted:
Django posted:

Now tell us how much of the debt, was in the process to be written off.

Now when faced with the facts, you change your tune and move on to a different topic? Nice try. 

I know the facts, all of it, i don't twist for deceitful purposes.

Django
Last edited by Django
skeldon_man posted:
Django posted:
skeldon_man posted:

Dis how bad ting bin deh.

Second, the buildup of arrears destroyed Guyana's credibility as a debtor. In 1983 the IMF refused to provide further loans; many other international organizations and governments followed suit. The loss of credibility also directly affected Guyana's trade relations: Trinidad and Tobago cut off oil shipments in 1986.The debt crisis persisted during the 1980s as Guyana remained unable to resume debt service

I mentioned the problem of the early 80's. Now dig up and tell us what skyrocketed Guyana's debt under Burnham.

I don't have to dig up. I know why and it would be offensive to disclose here. If PNC members were ripping the PNC built and donated houses and cook with the boards, then imagine the situation. It's all in front of you.

Hogwash !! poor attempt to deflect.

Django
Django posted:
Drugb posted:
Django posted:

Now tell us how much of the debt, was in the process to be written off.

Now when faced with the facts, you change your tune and move on to a different topic? Nice try. 

I know the facts, all of it, i don't twist for deceitful purposes.

You know the facts! Yet you sound like a hateful man with a warped mission to ignore the facts and construct alternative facts. Truth is not the truth. What you see and hear is not the truth.

FM
skeldon_man posted:
Django posted:
Drugb posted:
Django posted:

Now tell us how much of the debt, was in the process to be written off.

Now when faced with the facts, you change your tune and move on to a different topic? Nice try. 

I know the facts, all of it, i don't twist for deceitful purposes.

Yet you sound like a hateful man with a warped mission to ignore the facts and construct alternative facts.

Sounds more like yourself.

Django
Django posted:
skeldon_man posted:
Django posted:
skeldon_man posted:

Dis how bad ting bin deh.

Second, the buildup of arrears destroyed Guyana's credibility as a debtor. In 1983 the IMF refused to provide further loans; many other international organizations and governments followed suit. The loss of credibility also directly affected Guyana's trade relations: Trinidad and Tobago cut off oil shipments in 1986.The debt crisis persisted during the 1980s as Guyana remained unable to resume debt service

I mentioned the problem of the early 80's. Now dig up and tell us what skyrocketed Guyana's debt under Burnham.

I don't have to dig up. I know why and it would be offensive to disclose here. If PNC members were ripping the PNC built and donated houses and cook with the boards, then imagine the situation. It's all in front of you.

Hogwash !! poor attempt to deflect.

I have seen the truth so please don't label it hogwash. I have seen jute bags hanging outside the houses with no windows or boards in Scottsburg and this is hogwash? Go check who owns these houses now.

FM
Django posted:
skeldon_man posted:
Django posted:
Drugb posted:
Django posted:

Now tell us how much of the debt, was in the process to be written off.

Now when faced with the facts, you change your tune and move on to a different topic? Nice try. 

I know the facts, all of it, i don't twist for deceitful purposes.

Yet you sound like a hateful man with a warped mission to ignore the facts and construct alternative facts.

Sounds more like yourself.

I have never learned to personally hate anyone. I despise people who abuse power and exploit the helpless and unfortunate. I hate the habits and actions of those people.

FM
skeldon_man posted:
 

I have seen the truth so please don't label it hogwash.

I have seen jute bags hanging outside the houses with no windows or boards in Scottsburg and this is hogwash? Go check who owns these houses now.

How much have you traveled across Guyana ? seems like only Scottsburg you know know about and seem to think the whole country was the same.

Django
Last edited by Django
Django posted:
skeldon_man posted:
 

I have seen the truth so please don't label it hogwash.

I have seen jute bags hanging outside the houses with no windows or boards in Scottsburg and this is hogwash? Go check who owns these houses now.

How much have you traveled across Guyana ? seems like only Scottsburg you know know about.

I see what's in my own backyard first.

FM
skeldon_man posted:
Django posted:
skeldon_man posted:
 

I have seen the truth so please don't label it hogwash.

I have seen jute bags hanging outside the houses with no windows or boards in Scottsburg and this is hogwash? Go check who owns these houses now.

How much have you traveled across Guyana ? seems like only Scottsburg you know know about.

I see what's in my own backyard first.

So you think all across Guyana was the same ??

Django

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